ORE is actually recovering throughout the day in the US (opened...

ORE is actually recovering throughout the day in the US (opened at -8% now -3.5%) with the other US Li stocks rebounding about 4% as well (FMC and ALB).

My thoughts as a US Shareholder:

I think a lot of this had to do with the trade war fears with China. Materials overall has been a big selloff over the past 2 weeks with fears that consumers of those materials would not buy from the US, or US industrial manufactures would slow production due to increased costs of Chinese imports. Couple the above with the abundance of ETFs, and you have people trading sectors instead of companies pushing the good players down with the overall bunch.

I think the LIT ETF has had a lot to do with OREs decline. People got frustrated when LIT was lagging the overall market in early January through February, and sold to move into other areas. As the overall ETF sells, so do the underlying stocks.

At the end of the day, this trading action just makes companies with solid margins and growth potential cheaper to own for the long term investor. Many of these Li stocks are well positions to print money, even if the price of Li cuts in half, (ORE especially), and the barrier to entry is high as far as who owns claims, and the costs of setting up an operation (especially refining). I would not be surprised to see more significant investment, if not outright acquisitions by major battery makers (Tesla, Panasonic, Johnson Controls etc.)